Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | -24.9% | 25.3% | 5.8% | -3.8% | 12.1% | 17.4% | 32.9% | 28% |
| EBIT margin % | -237.2% | -144.6% | -317.9% | -263.4% | -161.7% | -167.5% | -35.2% | 26.3% |
| PAT margin % | -176.4% | -125.8% | -312.9% | -256.9% | -148.7% | -152.6% | -607.1% | 63.3% |
| Working capital | ||||||||
| Receivable days | 128 | 88 | 304 | — | 15 | 35 | 10 | 26 |
| Inventory days | 9 | 10 | 10 | — | 0 | 0 | 0 | 0 |
| Payable days | — | 124 | 156 | — | 26 | 31 | 20 | 0 |
| NWC days | — | -26 | 158 | — | -11 | 5 | -11 | 26 |
| Leverage | ||||||||
| Current ratio | 0.27 | 0.36 | 0.3 | — | 0.46 | 0.47 | 0.51 | 1 |
| Debt to EBITDA | — | 3.09 | 88.95 | — | 23.33 | 18.38 | 3.24 | 3.57 |
| Debt to equity | 0.05 | 0.05 | 0.21 | — | 0.28 | 0.33 | -1.08 | -3.37 |
| Interest coverage | -6 | -1,551.5 | -4,044 | -1,381 | -1,763 | -3,179 | — | — |
| Asset turnover | 0.04 | 0.05 | 0.03 | — | 0.06 | 0.06 | 0.49 | 0.4 |
| Return ratios | ||||||||
| Return on assets % | -7% | -6.5% | -9.1% | — | -9.2% | -9.2% | -300.4% | 25.6% |
| Return on capital employed % | -10.5% | -7.7% | -11.4% | — | -13.8% | -13.3% | -11.6% | 410.6% |
| Return on equity % | -9.3% | -8.8% | -12.9% | — | -14.9% | -15.6% | 612.9% | -213.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.